Forcing Australians to work later into life could be impacting their health and ... trends now
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Forcing Australians to work later into their 60s could be detrimental to their sense of autonomy, health and wellbeing, a study has found.
Taking away people's autonomy as to when they retire and forcing them to work until 67 to qualify for a government pension could be doing damage to their health and wellbeing.
With debate current about who should pay for Australia's aged care burden, a study has found people more likely to experience all the benefits of retirement have been able to make the decision to stop work earlier.
But only 30 per cent of Australians can afford to retire before they are eligible for a pension, according to Dr Rong Zhu, a senior lecturer in economics at Flinders University College of Business, Government and Law.
Forcing Australians to work later into their 60s could be detrimental to their sense of autonomy, health and wellbeing, a study has found
'We need to consider the unintended consequences of delayed retirement for health and wellbeing via a reduced sense of internal locus of control,' he told AAP.
'If workers work beyond retirement age, they are less likely to consider life outcomes as a result of their own choices and actions.'
This can impinge on all the benefits workers might otherwise get to look forward to at that stage of life.
'Our paper shows retirement significantly improves older people's physical and mental health as well as their subjective well-being
